Saskatchewan Indian Gaming Authority released its financials for its six casinos Thursday and it is another year of earnings more than $80 million.
Revenues announced as $258.3 million, with net earnings of $86.3 million for the 2015–16 fiscal year. This is up over last year’s net earnings.
According to SIGA president and CEO Zane Hansen, this is the fifth consecutive year SIGA earnings were more than $80 million.
“After 20 years in operation we have developed into a first-class gaming operator, we have demonstrated an ability to serve and develop regional casino markets as good as or better than any other operator in Canada,” Hansen said in a news release.
“As an operator we keep a steady focus on serving our customer and continuous improvement in our operations. This is reflected in the facilities we build, our gaming product and entertainment offerings and most importantly the investments we make in our people. We thank our customers for their loyal and continued patronage.”
SIGA’s casinos include Gold Eagle Casino in North Battleford, as well as Bear Claw Casino and Hotel (White Bear First Nation), Dakota Dunes Casino (Whitecap Dakota First Nation) near Saskatoon, Living Sky Casino (Nekaneet First Nation) in Swift Current, Northern Lights Casino (Peter Ballantyne Cree Nation) in Prince Albert and Painted Hand Casino (Kahkewistahaw First Nation) in Yorkton.
SIGA states that, as a non-profit corporation, 100 per cent of their profits are distributed to its beneficiaries in Saskatchewan. Profits generated from SIGA operations are administered by the Province of Saskatchewan. Fifty per cent goes towards the First Nations Trust and is distributed to Saskatchewan First Nation communities, 25 per cent goes to regional community development corporations and 25 per cent goes to the province’s general revenue fund.
“At the heart of SIGA’s work is the guiding principle Wîtaskêwin. Since opening our doors 20 years ago SIGA has delivered over $950 million in net profit to communities and charitable organizations in Saskatchewan. It’s with a deep sense of pride and knowing that the vision that the chiefs of Saskatchewan had when they developed SIGA has resulted in the success we share today,” said Chief Reginald Bellerose, SIGA board chair.
